Patrick Industries (PATK) Q1 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - Patrick Industries reported quarterly earnings of $1.11 per share, exceeding the Zacks Consensus Estimate of$ 0.98 per share, but down from $1.19 per share a year ago, representing an earnings surprise of 13.27% [1] - The company posted revenues of$ 1 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.11%, compared to year-ago revenues of $933.49 million [2] - Over the last four quarters, Patrick Industries has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Patrick Industries shares have declined approximately 7.3% since the beginning of the year, while the S&P 500 has decreased by 5.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is$ 1.55 on revenues of $1.06 billion, and for the current fiscal year, it is$ 5.21 on revenues of $3.96 billion [7] Group 3: Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Patrick Industries belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Patrick Industries' stock performance [5][6]